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The UK Financial Sector Maybe Sending A Message Via Cable Soon!

 

When in doubt zoom out! Price action in Cable has been rangebound and choppy in the short term but in the medium term a well defined Head and Shoulders pattern has emerged. This pattern has traced out just as the UK Financial sector is showing signs of weakness on the charts. Continued weakness in this sector, will most likely see Cable come under pressure and attempt to validate the bearish pattern.